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Towards an Out of Equilibrium Theory of the Firm

Author

Listed:
  • Mario Amendola

    (UNIROMA - Università degli Studi di Roma "La Sapienza" = Sapienza University [Rome])

  • Jean-Luc Gaffard

Abstract

In this paper two different definitions of the firm and its functions are contrasted, reflecting different problems to which the attention is drawn and hence different analytical approaches. A problem of allocation of resources is stressed by the standard theory of the firm. This implies an ex-post representation of production, technology and the environment which makes it possible to carry out the analysis with reference to equilibrium configurations and in terms of efficient solutions interpreted as (punctual or intertemporal) optimal alloca tive choices (...).

Suggested Citation

  • Mario Amendola & Jean-Luc Gaffard, 1992. "Towards an Out of Equilibrium Theory of the Firm," Post-Print hal-03399104, HAL.
    • Handle: RePEc:hal:journl:hal-03399104
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    Cited by:

    1. Lecoq, Bruno, 2002. "Austrian time and marshallian district - on process of location in an out of equilibrium economy," ERSA conference papers ersa02p378, European Regional Science Association.
    2. Jean-Luc Gaffard, 2022. "Instabilité et résilience des économies de marché: Essai sur l'économie du libéralisme social," GREDEG Working Papers 2022-33, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France.

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